Studio apartment prices in Palm Jumeirah have been trending upward, with median prices ranging from AED 775,000 to AED 2.3 million. The prices per square foot vary significantly, from AED 1,880 to AED 4,300, depending on the building and unit size.
Recent transactions show The Palm Tower has seen a 2% increase in median price, with units ranging from 490 to 600 square feet and priced at AED 2.3 million. The Royal Amwaj has a median price of AED 1.5 million for units between 520 and 690 square feet.
The median capital gain for resold studio apartments in Palm Jumeirah is calculated using actual resale transactions and reflects how much buyers have gained or lost compared to the previous sale. It indicates a typical percentage increase or decrease in property value over the last 12 months.
The Palm+ has seen a 9% increase in median price, with units ranging from 300 to 820 square feet and priced at AED 1.4 million. In contrast, Balqis Residence has a median price of AED 1.4 million for units between 660 and 810 square feet.
Unit sizes in Palm Jumeirah vary significantly, from 310 to 2,780 square feet. The Emerald Palace Kempinski Hotel has units ranging from 650 to 2,780 square feet, while the Club Villas have units between 360 and 430 square feet.
Related: Downtown Dubai two-bedroom flats see price shifts
The prices per square foot also vary, with the Oceana buildings having a price per square foot of AED 1,880 and the Conrad Palm Jumeirah having a price per square foot that is not available. They provide a clear picture of the current market trends.
Market trends are worth examining to understand the potential for future growth or decline in property values.
The market analysis for Palm Jumeirah provides insights into the top performing areas, most active areas, and annual trends. The data includes information on sales comparisons, off-plan vs. ready projects, and population demographics.
The Viceroy Hotel Resorts Residences has 352 units ranging from 490 to 1,340 square feet, with a median price of AED 1.3 million. The Club Vista Mare has 36 units ranging from 610 to 730 square feet, with a median price of AED 1.4 million.
Studio apartment prices in Palm Jumeirah reflect the typical market price, reducing the impact of extreme outliers. The median prices and prices per square foot provide a clear picture of the current market trends.
